While we wait for Metals Creek’s Ogden results, why is no one talking about what’s going on with the Xmet GRAPHITE deal?

Metals Creek optioned their graphite properties back on November 4, when Xmet was about 1 cent, and received 300k shares, totaling out to 2 million shares coming to Metals Creek in two months.

XME is trading right now with 6+ million shares changing hands today (!) at 11.5 cents. That’s a +1050% return on MEK’s investment in just under a month and half.

Even if Xmet’s share price stays level, this is going to be another $270K in Metals Creek’s treasury. Metals Creek also has a 1% NSR with Xmet having the right to buy back 0.5% for $500,000 and the remaining 0.5% for an additional $1,000,000. So if it works out, big money is coming to MEK, one way or another!

XME has staked more ground and has three obvious conductors. It looks like at least one of the conductors is on MEK’s ground.

This is a huge boon for Metals Creek and it is unrecognized by the market. It is tough out there but this sure makes management look smart. A very inventive deal with little cost and lots of upside. The Yukon gold project has initial grades as good or better than those found overtop of Kaminak’s Coffee Creek. And the Ogden is a winner too – awesome grades in a top gold camp.

Bear market or not MEK is the best deal on the street right now. Trading for less than cash and with these three winners on hand. Unreal. Imagine what this stock will do when tax loss season is over…

Jarrko